ASIC updates guidance for trustees of wholesale equity schemes

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ASIC has released Regulatory Guide 192 Licensing: Wholesale equity schemes (RG 192) following public consultation. The updates to the guidance reflect: the changes made to the relief provided in ASIC Corporations (Wholesale Equity Scheme

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Information on new professional standards for financial advisers now available on ASIC website

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The Australian Securities and Investments Commission (ASIC) has created a new section on its website to help financial advisers navigate the incoming professional standards requirements. The new requirements are aimed

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ASIC warns financial services licensees against ‘cutting corners’ on death nomination forms

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The Australian Securities and Investments Commission (ASIC) is putting the financial advice sector on notice about meeting requirements for witnessing signatures, after finding issues with advisers failing to correctly witness

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ASIC paper (CP 176) reviewing regulatory approach to platforms

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ASIC yesterday announced it is reviewing its regulatory approach to platforms as part of broader efforts to promote investor confidence in the sector. The platforms sector attracts significant funds. In

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ASIC releases proposal to improve unlisted property scheme disclosure

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ASIC has released a consultation paper outlining proposals to improve disclosure for retail investors considering investing in unlisted property schemes. The proposals follow an ASIC review of disclosure documents issued by

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ASIC proposes major improvements in quality of prospectuses

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ASIC is proposing an overhaul of prospectuses that would make them much easier for retail investors to use and would improve the quality of information on the proposed business model and

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ASIC consults on compensation requirements for traditional trustee company services

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ASIC has released a consultation paper inviting feedback on its proposal regarding the administration of compensation requirements for trustee companies providing traditional trustee company services (traditional services) to retail clients.

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